Consider the Solow model with population growth and no techniological progress with production function Y=K^((1)/(2))L^((1)/(2)). If the total capital per worker in year 1 is 9 units, the population growth rate is 1 percent, depreciation rate is 9 percent, and saving rate is 40 percent, then the capital per worker at the beginning of year 2 will be q, units.
Consider the Solow model with population growth and no technological progress with production function Y=Kl/21/. If the total capital per worker in year 1 is 9 units, the population growth rate is 1 percent, depreciation rate is 9 percent, and saving rate is 40 percent,then the capital per worker at the beginning of year 2 will be units.